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Short Term Analysis
USDJPY's cycle bottom is nearing
Fri, May 9 2008, 01:38 GMT
by Franco Shao
USDJPY pulls back to as low as 103.40. Further fall to 103.00 area to reach the next short term cycle bottom on 4-hour chart is expect and the next cycle bottom is nearing. As long as 102.67 support holds, we’d expect up trend to resume and rise above 105.70 previous high resistance is still in favor.
Published on Fri, May 9 2008, 01:42 GMT
Archive
- AUDUSD is forming a symmetrical triangle pattern
Published On Fri, May 16 2008, 00:38 GMT - GBPUSD rebounds from 1.9363 level
Published On Thu, May 15 2008, 02:09 GMT - USDJPY formed a short term cycle bottom at 102.58
Published On Wed, May 14 2008, 00:26 GMT - USDJPY is forming a short term cycle bottom
Published On Mon, May 12 2008, 23:58 GMT - EURUSD formed a short term cycle bottom at 1.5284
Published On Mon, May 12 2008, 01:24 GMT
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